Gate News message, April 23 — Yiming Zhang, a senior quantitative researcher who spent 17 years at Jump Trading, has secured seed funding from Millennium Management, a major hedge fund, to launch operations as an external manager (an independent fund manager operating within the firm’s ecosystem).

Zhang’s official launch is expected to begin after his non-compete restrictions expire. Millennium Management has increasingly positioned itself as an incubator within the hedge fund sector by providing capital support to external teams, expanding its portfolio of strategies and talent.

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